Seritage COO exits. Seritage Growth Properties stock sits 60.05 percent below its high

Published on 10/06/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 1.87 million versus USD 4.65 million. Seritage Growth Properties stock costs EUR 1.57 on October 6, 2026 after EUR 1.56.

SRG, US81752R1005, Illustration mit AI erstellt.

Seritage Growth Properties (US81752R1005) was trading at EUR 1.57 at Lang & Schwarz on October 6, 2026 at 12:29 p.m. CEST, plus 0.64 percent versus EUR 1.56. On the NYSE, the stock was last at USD 1.75 on October 5, 2026, 60.05 percent below its USD 4.38 52-week high. StockTitan reports that Chief Operating Officer Eric Dinenberg's employment ended on September 30, 2026.

Revenue falls in second quarter

According to Canli Capital, the fiscal second quarter ended June 30, 2026 produced USD 1.87 million of revenue, down 59.73 percent from USD 4.65 million in the year-earlier quarter. The filing also lists diluted earnings per share of negative USD 0.13, compared with negative USD 0.53 in the second quarter of 2025.

The six-month figures show the same pressure on the operating base. Revenue reached USD 3.92 million in the first half of 2026, while operating cash flow was negative USD 7.29 million, compared with negative USD 21.23 million in the first half of 2025.

Asset-sale plan defines the portfolio

Seritage's corporate profile says the company adopted a Plan of Sale and, as of June 30, 2026, held interests in nine properties. The portfolio covered 0.8 million square feet of gross leasable or build-to-suit area and 139 acres of land, according to Seritage Growth Properties.

Four properties were consolidated, representing 0.3 million square feet and 56 acres. Five unconsolidated entities accounted for 0.5 million square feet and 83 acres, making asset sales and cash preservation more important than new property expansion in the current structure.

Leadership transition adds execution risk

Dinenberg's departure follows a mutually agreed extension of his earlier September 15, 2026 separation date. StockTitan reports that he will continue providing certain services under a consulting agreement, preserving a continuity channel while the company executes its sale plan.

The balance sheet reported USD 48.43 million in cash and cash equivalents at June 30, 2026, against USD 61.36 million in total liabilities. That relationship gives investors a concrete measure for tracking how quickly property disposals translate into liquidity and how much value remains after obligations.

EUR 1.57 at Lang & Schwarz

SRG was trading at EUR 1.57 at Lang & Schwarz on October 6, 2026 at 12:29 p.m. CEST, plus 0.64 percent versus the prior close of EUR 1.56 on October 5, 2026. The primary-market quote was USD 1.75 on the NYSE on October 5, 2026, while the 52-week range stood at USD 1.56 to USD 4.38.